REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE
BUREAU OF INTERNAL REVENUE
Quezon City

December 5, 2011

REVENUE MEMORANDUM CIRCULAR NO. 1-2012

Subject: Submission of Reports Relative to the Authorized Bank’s (AAB’s) Compliance

in the Collection of Internal Revenue Taxes

To : All Internal Revenue Officials, Employees and Others Concerned

Under existing guidelines and procedures, the Revenue District Offices (RDOs) shall
process, evaluate and monitor the compliance of the different AABs under their respective
jurisdictions in the timely and accurate submission/transmission of collection reports. The
RDOs shall prepare and submit to Collection Programs Division (CPD) – National Office the
corresponding monthly reports such as the List of Late Batches, Limited Bank Data Entry
(LBDE) Exception Reports and Bank Branch Performance (Form 2841) not later than the 28th
day of the following month.
It was observed that some RDOs do not submit the above-mentioned reports, while
some RDOs submit the said reports with indication that AAB branches have no noted
violations. However, and contrary to the contents of their reports submitted to the CPD, several
RDOs always raise the problems they are encountering with AAB branches under their
jurisdictions during their regional monthly meetings. The minutes of these meetings were
being forwarded by the Policy and Planning Service (PPS) to the Collection Service for
resolution or appropriate action.
In connection thereto, this Circular is being issued to remind all Revenue District
Officers and others concerned on the regular and accurate submission of the above-mentioned
reports. Furthermore and as provided in Revenue Regulations (RR) No. 2-2008, more
particularly under Item C. of Annex A-2 (Schedule of Penalties) thereof, the AABs’ non-
compliance with their obligations (i.e. non-acceptance of tax payments from non-clients, accept
tax payments from 9am to 12noon only, accepts tax payments only on Tuesdays, Wednesday
and Thursday, etc.) embodied in the Memorandum of Agreement among the BIR, the Bureau
of the Treasury and the Bank should be reported immediately upon receipt of complain to the
CPD using the attached format (Annex “A”) for evaluation and imposition of applicable
penalties and/or sanctions.
All internal revenue officers and other concerned are enjoined to give this Circular as
wide a publicity as possible.

(Original Signed)
KIM S. JACINTO-HENARES
Commissioner of Internal Revenue

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